Amprion signs new syndicated loan agreement
Transmission system operator Amprion has finalised a new syndicated loan with a volume of €1.5 billion, which is equivalent to an increase of €650 million. This allows the Dortmund-based company to further develop its financing strategy and to align it with its growing investments in the transmission system business.
With this agreement, Amprion is consolidating its long-standing successful banking partnership with Bayerische Landesbank (Bayern LB), Commerzbank, Landesbank Baden-Württemberg (LBBW), Landesbank Hessen-Thüringen (Helaba) and UniCredit. New additions to the banking consortium for the loan agreement are DZ Bank, ING and SEB.
Amprion CFO Peter Rüth: “The syndicated loan forms the basis of our financing strategy. By successfully increasing the agreement by €650 million, we now have additional planning security when it comes to procuring external capital.” As a short-term financing option, the syndicated loan is an ideal addition to the mix. Peter Rüth: “We are delighted that our long-standing banking partners are helping us to invest in our transmission system business and that we have also been able to secure additional partners of repute.”
The syndicated loan agreement has a term of four years with an option of extending it by a total of two further years.